Nvidia Licenses Groq Tech, Hires CEO in Big Tech Talent Grab

• Nvidia will license Groq's non-exclusive chip technology and hire its CEO, Jonathan Ross (a former Google veteran), President Sunny Madra, and other engineering team members.
• Groq specializes in AI inference, a market where Nvidia faces significant competition, unlike its dominance in AI model training.
• This deal mirrors a trend where Big Tech firms acquire promising startup technology and talent without a full acquisition, as seen with Microsoft, Meta, and Amazon.
• Groq will continue to operate independently with Simon Edwards as CEO, and its cloud business will remain active, despite the talent transfer.
• Analysts raise antitrust concerns, though the non-exclusive license might maintain the "fiction of competition"; Groq's valuation recently surged to $6.9 billion.

Why It Matters: Nvidia licenses Groq's AI inference tech and hires key talent, continuing a Big Tech trend amid antitrust scrutiny.